Central Perimeter the Target for Mixed-Use Development

palisades I

The 23-acre property at the intersection of I-285 and Peachtree-Dunwoody Rd is currently home to the Palisades office park. Before the recession, there were talks of converting the struggling office project into a mixed-use development, but those plans were sidelines when the economy crashed. But now that things, namely development and construction, are looking up for Atlanta, a San Francisco development firm wants another go at it. Shorenstein Partners bought the property back in 2009 from Tishman Speyer, who had talked of adding a big chunk of either office space or condo units.

An affiliate of Shorenstein Partners filed plans with Georgia Department of Community Affairs this week for a project of “regional impact.”  Sources say the new development could include a 200-room hotel, 425 residential units, and almost 55,000 SF of retail space. If these plans are approved, the project would break ground in the next year and deliver in 2024.


Add a Comment